HTC manages to post small profit in Q4 2013

Following a rough third quarter that included a net loss of approximately $101 million USD, HTC today revealed that it narrowly avoided a repeat performance in the fourth quarter.

The Taiwanese manufacturer reports that it saw an operating loss of NT$1.56 billion ($52.1 million USD) in Q4 2013, its second consecutive quarterly operating loss. However, HTC managed to earn a net profit of NT$310 million ($10.3 million USD) for the quarter thanks to the sale of its stake in Beats Electronics. HTC's total revenue for the quarter finished at NT$42.89 billion ($1.4 billion USD), a drop from NT$47.05 billion in the previous quarter.

Despite all of these problems, HTC CEO Peter Chou is still trying hard to return his firm to its former glory. The exec recently said that he would be offloading most of his duties to chairwoman Cher Wang so that he could focus more on product development. Whether or not Chou will actually be able to turn things around for HTC remains to be seen, but it's good to see that the CEO is dedicated to finding a way to make things better for the High-Tech Computer Corporation.

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